The Financial Conduct Authority, which will take over responsibility for the regulation of the consumer credit industry in April next year, has published its plans to provide better protection for consumers. Payday lenders will face tighter rules on how they … Continue reading
Category Archives: Loans
Wonga business loans – cause for concern?
Online loans business Wonga.com has launched a new lending division aimed at providing finance to businesses. The company, which is better known for offering short-term finance to individuals with interest rates quoted as 4,214%, has identified a gap in the … Continue reading